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2 years ago

Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days.

Business

1 answer:

Anna007 [38]2 years ago

7 0

Answer:

$6,400,000

Explanation:

Reduction in mailing time = 1.5 day

Reduction in clearing time = 1.5 day

Reduction in firm processing time = 1.0 day

Total = 4.0 days

Daily interest on Treasury bills = 0.025%

Average number of daily payments to lockboxes = 4,000

Average size of payment = $400

The value of the proposal will be the average number of daily payments to lockboxes multiplied by the total of 4 days which is then multiplied by the average payment size. This will be:

= 4000 × $400 × 4

= $6,400,000

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Modesto broker Killian Johnson has just received a money deposit and the related instructions from the buyer, Luis Alverez. Whic

jeka57 [31]

Answer: B. Deposit into Killian's account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.

Explanation: A broker is a person or organisation who acts in the place of a principal to transact business with a potential customer. a broker is responsible to his or her principal which means he or she or even if its an organisation receives instructions on how to dispose off certain item.

In an agent/broker and a principal relationship, the principal is the owner of the sum of money paid,hence Killian does have to pay into his account and figure his commission by himself, it is to be done by the principal who will eventually pay for the agreed commission to Killian the agent.

6 0

2 years ago

Wanda Workout stopped at the local store to purchase a drink after her strenuous jog that morning. She purchased a large drink f

quester [9]

Answer:

Warranty of fitness for particular purpose.

Explanation:

Under the principle of implied warranty, products must be fit for the particular use for which they are intended. What does one do with a drink other than drink it ? Therefore, there was no need for Wanda to inform Kelly about the purpose, as Kelly is aware of the purpose for which Wanda wants the product.

Hence, it is seller Kelly's duty to ensure that the goods are suitable for that purpose.In other words, there was an implied warranty that the drink was fit to be consumed.

8 0

2 years ago

Rosita's Restaurante has sales of $4,500, total debt of $1,300, total equity of $2,400, and a profit margin of 5 percent. What i

Rus_ich [418]

Answer:

6.08%

Explanation:

Rosita's restaurant has a sales of $4,500

The total debt is $1,300

The total equity is $2,400

The profit margin is 5%

=5/100

= 0.05

Therefore the return on assets can be calculated as follows

= profit margin×sales/total debt +total equity

= 0.05×$4,500/($1,300+$4,200)

= 225/3,700

= 0.0608×100

= 6.08%

Hence the return on assets is 6.08%

5 0

2 years ago

2. Trying to help your business and others with similar goals by trading information, including contacts and referrals, is calle

g100num [7]

I would think it was c

8 0

2 years ago

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Ameen uses strai

romanna [79]

Answer:

taxable income 44,000,000

Explanation:

Beginning tax basis of the equipment: 20,000,000

ending tax bais of the equipment 12,000,000

depreciation for tax purposes: 8,000,000

<u>accounting depreciation:</u>

beginning value 30,000,000

ending value 28,000,000

book depreciation 2,000,000

<u>Difference in depreciations:</u>

8,000,000 - 2,000,000 = 6,000,000

income 50.000.000

less 6,000,000 temporary difference

taxable income 44,000,000

6 0

2 years ago